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FOX News
Sep 29, 2012 3:00am PDT
. but in three years ronald reagan had turned around the economy. we had 5 percent, 6 percent, 7 percent rate of economic growth and a month where we created a million jobs in one month. the economy did much better under the reagan program, which is cutting taxes, deregulating the economy, slamming the brakes on the money supply. that would make the case that president obama has done the opposite. he has increased the spending. there is a threat of a huge tax increase next year. if you talk to business men and women as i do all the time, they say this regulatory onslaught is smothering. >>clayton: another argument is what would have resolved the recovery faster if you allowed us to pass a greater stimulus, more government spending would have accelerated our rate of recovery. do you buy that? >>guest: i don't think very many americans boy that. we have had $5 trillion of debt in four years. that is more debt than the united states took on from 1776 through the year 2000. in other words, in four years we have borrowed more money than it took to finance the revolutionary war, the civil war, worl
Search Results 0 to 1 of about 2 (some duplicates have been removed)